Quote from: nulltx on May 21, 2019, 12:20:41 AM

According to JPMorgan, bitcoin may have gotten ahead of itself with its recent rally. In a note to investors, some of the banks analysts suggested that the currency had surged beyond its intrinsic value. This, they believe, is a similar situation to the 2017 price rise which preceded a devastating slump.

In other words, other institutions pumped the price of Bitcoin to levels JPMorgan doesn't feel comfortable averaging in. I like that.

Intrinsic value is in the mind of the beholder, and can be subject to change depending on the condition of the market. An overbought market today is tomorrow's missed opportunity. Get on board or cry yourself to sleep. With how there are plenty of platforms to short Bitcoin, you can actually put your money where your mouth is and short it, or else, gtfo.